McClellan: Stocks Set for ‘Ugly Decline’

“McClellan said his timing models suggest ‘THE’ top in stocks will be hit some time over the next week. He expects ‘nothing good for the bulls for the rest of the year,’ he said in a phone interview with MarketWatch.

“McClellan doesn’t have a strong view on how far stocks could fall, just that it will probably be an ‘ugly decline’ lasting into early 2016. … ‘I try to get the direction right, and I let the magnitude take care of itself,’ McClellan said. …

“[O]ne reason he expects a big selloff to start as early as this week is a chart showing that liquidity in the financial markets is about to dry up, as investors prepare for the Federal Reserve’s inevitable interest-rate hike.”

— Excerpt contributed by Mark Johnson

_____________________________________

Z-val: Tom McClellan
Via: Market Watch
Date: 8/20/15
Disposition: Medium-Term Bearish
S&P 500 on 8/20/15: 2036
S&P 500 on 2/19/16: 1918
Change: -5.8%
Judgment: Wrong

Z-val definition and more forecasts in The Z-val Zone.

McClellan

Scorecard

This Forecast

Accuracy

of 1

Judged

Forecast

Created with Snap
This entry was posted in Z-vals and tagged . Bookmark the permalink. Both comments and trackbacks are currently closed.


  • Included with Your Subscription:



    $200/year
    Save 17%



    $20/month
    Pay as you go
Bestselling Financial Author